The Sun. — London, England, 1826-10-24 00:00:00

//-e it A r ' • .'-..-,...-,':••, CONTRACT FOR MPS. Royal Hospital for Seamen at Groenwich, Oct. 7, 1826. S UCH persons as may be willing to Contract for supplying this InStitution with Ten Tonsof the hest KENT HOPS, one half in Bags, and the other half in Pockets, may deliver in their proposals to the Directors at this place on Satur day, the 28th instant, 'at Eleven o'clock in the forenoon, after that hour none will be received. In the mean time the Forms of Proposals; and particulars as-to quality, period of delivery, &c., will be obtained at the Steward's Office here. Parties desirous of contracting must personally attend on the (lay and hour aforesaid, and no tenders will be received from any who are not dealers in the articles for which they offer. Proposals are required to be agreeable to the forms above mentioned, and to contain the names and residence of two respon sible Sureties; and it is also requested, that the word " Tender" be w r itt en 'on the address of each proposal, .otherwise no regard will be paid to them. ILIAN MINING ASSOCIATION.- Notice, is hereby given, 'that at an EXTRAORDINARY GENERAL MEETING of the PROPRIETORS of the CHI MAN MINING ASSOCIATION, specially called for the pur l**, held on the 16tILOCTOBER instant, pursuant to notiee. "It was Resolved, That this ASSOCIATION be DIS SOLVED pursuant to the recommendation of the DIRECTORS, made in consequence of the PROPRIETORS being unwilling to advance any more Capital. And Notice is hereby also given, That another EXTRAOR DINARY GENERAL MEETING of .the PROPRIETORS in this ASSOCIATION, will be held at One o'Clock precisely, on MONDAY the Elth of NOVEMBER next, at the CITY of LONDON TAVERN, Bishopsgate-street, for -the purpose of confirming or rescinding the above Resolution for dissolving the Antociation, at which Meeting each Proprietor is particularly re quested to attend, as no act can be done unless Thirty Proprietors be Preiint. SAMUEL CARDOZO, jun., Secretary. Winchester House, Oct. 18, 1826. . . PATENT HARPS.—SCHWIESO and Co., in returning thanks for the extensive patronage with Which they have been honoured, are happy to inform the Nobility, Gentry, and Musical World in general, that they have just ob tained his Majesty's Royal Letters Patent for a new and brilliant IMPROVEMENT on the HARP. It has been ever a subject of complaint, and the Makers' attention strongly directed to re move, those unpleasing, jars to which Harps have always been found subject —a desideratum, however, till now, unaccotnplish• eltwieso and Co.'s Patent will be found effectually to remedy this defect, giving a fullness and richness of tone to the Instrument hitherto unknown, as well also as facilitating very c onsiderably the movement of the Pedals. They will be happy to give proof of this most interesting discovery to auy Lady or Centleinan who will honour them with a call, at their Establish ment, 21;3, Regent-street, where an extensive assortment of tiviit and brilliant-toned Harps and Piano-fortes is constantly on Sale. Sr A great variety of Spanish Guitars on sale. *.* Harps and Piano-fortes Lent on Hire . ; Roman Strings of the first quality. TUE MURDERS NEAR LEATHERHEAD. On Friday last, Bennett, the man residing in the next house to Met r ecently inhabited by John Akehnrst and his housekeeper, at Fetehent, underwent an examination before the Rev. Mr. Bolland, in e p, • "',Nuenee of his daughter, a little girl, between 12 and 13 '4" of age, having, in the course of a conversation with an intli vsidual named Jefferies, who was formerly butler in the serv i ce of Justice Park, dropped several hints respecting the conduct of lier Miter anti mother op the night of the murders, that were of ftch, nature as to cast considerable suspicion against her parents if having some knowledge of the dreadful events that took place .q the inert 'cottage to the one in which they reside. The result of OW enquiry on the occasion was, the discharge of the man, the ' istrAte conceiving that he was not implioated in the murders. ,nee hat been Ascertained since, awl is now considertel at Fetcharn L yle ) , extemul ti nar y fact, that Bennett, who is reported to have be en at work some little distance from "his residence in t he fiehi, on the l'eidaY morning, upon hearing that Ake-' hunt and' hi hie housekeeper had been murdered, did not • quit etnployment, or betray any snrprise or horror on being ap ,Linaed of the dreadful circumstaucee. It will be recollected s " tt his stepeson, John Brown, was the lad who, upon ' 414 41 at the cottage before six o'clock in the morning, f:r i the purpose of borrowing a basket, discovered the door and lte "d"? °Pen, whi c h l e d hi m to suspect that something had hap- Pe to the inmates. Without, however,- proceeding into the house, and ascertaining the cause himself, he hurries off to his mo ther'and strang e to say , exclaims--" Oh, mother, mother, Ake- I t z e r l yt and the old housekeeper are murdered ;" and she (the aloe her °len account, at the inquest, deposed, that when her i ° o gave her the information she hastened to some of her neigh.: ,V ute, who accompanied. hei to Akelturst's cottage, and they then „,,,tevered that the old man and his housekeeper were murdered. ‘uw it hes been since ascertained , that the mother, instead of hay :ot, "A the first instance, called on her neighbours, proceeded to the to a cCompanied only by her son, and subsequently alarmed e . the Persons who live in the neighbourhood, by whom she was sseeoutpanied to Akehurst's cottage. The little girl, above 4,, 144 °C, hearing what had occurred, ran off to her father - will, at wk ' Id I informed him that Master Ae eho or in a h Ind Elizabeth Haines were murdered. Bennett, by 47 1 "'onnt, • and she has been strictly questioned as to that and' 14k1 he did not believe it. She repeated that they were, f ested said that all the neighbours knew it, but he mai& I n° torprise, k e pt on hi s work, and the girl went home ~,,,I * . teelf. •On his return horde in the evening, notwith l'aing been assured of the perpetration ,of the te t ,, t -I : 3 of his ohl neighbours and acquaintances, he did ti ed "'ace a desire to see the bodies, or visit -the cottage, kep t actually, as the writer has been given to understand, e e ve ► a‘vity from, a scene' that every other person within that had in consequence of the diabolical murders ot . 41 to recently taken . place there. On the morn first e the interment, however, Bennett proceeded, for the d a t „i et Ze, to the cottage since the perpetration oldie murders, en . Ne e , ! careying the bodies to the grave. Since the last exann wheleYt aPpears that Ho • much suspicion attaches itself to Ids giur.,'°nduct subsequent to the murders, that' several of the ma ceocetint.eiresident in the neighbourhood, not satisfied of , his inno -144 I , n , ye determined that a more strict investigation should take ee elit 4 ."' the whole of the circumstances, and yesterday was ac li'lltrY 4P , Pointed for that purpose. 4 4 , a ultr the Rev. Mr. Rolland was at Union-hall police lad a long interview, in the private room, with the Th e rearhtgistrate, on the subject of the lute murders at Feteltam. Wh om :heat of Mare Ayres and William Page, the man with the , has not t I d'notwithstanding e xertion, 0_ the offices ye teen iscovetie , n f officers during the past week. ----...,_-_. _ .r........ lit E I.A.ry. EXTRAORDINARY AFFAIR AT attlie'Lewes ilitit ' Tc ' i4 * -- Tiiree true hills. were found . yesterday alias Forbes, alia s Sessions 1,4 g-- ainst Maria Forest, Fox, a‘ias Rose, tz Langton, and Mary Jack for keeping a disorderly house at No. Ire 9 NewsSte ) ne; 2dly, against Thos. Ilainstlen, for a 1 p 10t1 tin the , aaid houset, he knowi ng t h e same to be R of ill fame ; and !idly, litt e h lst t h e said Thomas ainstlen, Henry Deedes, and teorge Morton Eden, far riot and assault at the house of Maurice lialford 11 , l'row, Esq. at No. 25, Now 'Steyne. 'Cher ie 1 11 - 'l4lll:Lents were immediately removed, at the instance r i , 4 the pro secu t o r, M r. B arrow ' , i nto the Court of '`i i tig'S Bench. ---Brighton Herald. ARTY RIOTS IN COUNTY ANTRIM.—Th e Ses pttis of Ballymbney,',County Antrim, which en d e d l ate Saturday night, was marked with strong traits of 11 : tt Y feeling. The chief theatres for those exploits were liallyeastle and Crebilly. The fair . days of these „„, e ,e 4 were selected for the display of those fiend-like 1 1 - "ga, which seem to have actuated simultaneously :I'e mock Protestant and the deluded liotnanist. to le th e i r hands, and glut their anti-chri s ti an , a nd I'l"ht anti-hinnan, but : certainly anti-civilized ven 'earl", in each others' blood.—Dub li n Patriot. st ale „„ .-. 0 sorry to inform our readers that the natural on ;I t.. i 3 "alarmingly preValent at Stayley-Bridge. ci' ll i ° L °lle faMily; . no less than four children who died ,irt.lis disease, were buried last 'Sunday week. This vi'RUlarly_lifilicting circumstance should operate as a Ivl l l l . ll l °n to parents, to avail themselves a the means 0 2eik . have been discovered to avert such a dreadful j..7 l "tY bytheir havirl recourse to the vaccine iu0cu "41011,..;, . , - Manchester Gra;elte. ' ...; . rr,4 ' ' ' '-' :: P .' "., . ~, , . 2 , 7 ,-: -. ; . . • , --•- 'vi ,k),. ;: _,, , c t) ~', Z +tal /" , ....\. .A '1- r--'147 4 . -111 '' l7 NA 4 -: .L ` L v ,, e kV \ N' A tfil •Cr s'. , A: ,t k i ,?..,,,,, , i' z ., „: „ -.. 4 L ., vp. — 4 ,• .. , '' „-- ~,,„A•4 - --41 ) . .?"-• f.t'it ' N - : s I ' . ' • -.1.-- ;'noctii, ,!, . •• ,- 4 - „tr---____ . - 01's 4 • 0 v i,,, i • ;, ----- TUESDAY EVENING, OCTOBER 21, 1826. A public meeting of the holders of Greek Bonds was held yesterday at the City of London Tavern, Bishopsgate street, for the purpose of receiving the report of a Com mittee appointed at the late general meeting, to inquire into the application of certain sums raised for the Greek Government in this country. About one o'clock Colonel the Hon. L. STANHOPE was called to the chair, and opened the business of the day by stating, that in consequence of the unfortunate situation of Grecian affairs, of the circumstances which had delayed the departure of the naval armament, and the depressed state of Greek bonds, a meeting was held at this Tavern on the 4th of felt month, to consider of the steps necessary to be taken with reference to the interests of Greece, and of the bondholders. At that meeting a Committee was appointed, whose report would now be read. After that, he would submit some observations to the meeting respect ing the naval armaments, and the first and second Greek and then he would 'move that some other gentleman might take the chair, while he , offered two or three resolu tions connected with these subjects. Colonel JONES was about to read the report, when A Bondholder suggested the propriety of deferring the reading of the report for a short time, considering the thin attendance at that moment, there not being more than 30 bondholders present. Some other Bondholders thought it would be better to go on, and no doubt the meeting would be more nume rously attended in a short time. (This turned out to be the fact ; the number we hare mentioned had nearly doubled before the meeting closed.) • Colonel JONES then read the following report : /LEPOILT OP THE COMMITTEE •PPOINTED AT A PUBLIC IiEPT IWO OP THE GREEK BONDUOLDEas, HILO AT THE CITY OF LOWDON TIMMY, sErr. 4, 1826. Your ciinimittee respecifullY report, that the first measure they decided ulltit was to solicit the assistance of the contractors of the first and second loans, and of the Greek Deputies. 11e6srs. Loughran, Son, anti O'Brien, offered every information that might be required at their hands. Messrs. J. and S. Ricardo refused to recognise 9r communicate with your Committee '; and though your Committee have em ployed every peons which they Could devise; in order to obtain satisfactory infimation for the bondholders, and to forward triose objects for which they were appointed,lyot Messrs. Ricardo have thrown every impediment in their way. Mr. Luriottis and Mr. Spaniolachi expressed their anxiety to further the objects of your Committee, as far as they were able the former has, with one or two exceptions, frankly conveyed the information yonr Comtnittee has applied for. Bpaninlichi has given the Committee his assistance in au diting the accounts, but has not deemed fit to adopt the recom mendations of the Committee in obtaining the accounts from Messer.. Ricardo, nor in carrying their recommendations as to depositing in the Bank of England sundry bonds held for account of the Greek Government. The inquiries of your Committee have met with many obstnte tions and difficulties on every side, and they have been altogether disappointed in fAuling that sincere co-operation which might have led to a complete elucidation of past transactions, end have given efficient security for the future. The inquiries of your Committee, however, they have reason to believe, have produced new an d peat exertions for the desp a t c h o f important assistance to th e Greeks. They have induced valuable conununieations from the Commit-1 tees of France and Switzerland, and have excited those publie di►- cussions whoec:leflueneeithotiglrlitstufticient forthe tin-Net:oa of errors that have been committed, cannot but produce a salutary control upon any future plans. • The first loan was contracted for in the beginning of 1824, and the Greek Committee appear to have sanctioned the arrangements made with Messrs. Longlinen, Son, and O'Brien, as contractors ; the proceeds were not controlled by the Greek Deputies, without the sanction of Mr. Edward Ellice, Mr. Joseph Hume, and Mr. Loughtuw, nen., who were appointed trustees, and it was stipu lated that the monies should be remitted to four other trustees in Greece, (of whom three were EnOislunen) to watch over the pro per appropriation of the same. Your Committee cannot but regret that a - sitnilar arrangement was not made in the second loan. The following is a statement of the assets and disbursements of the first loan:— Tug RUE COVXRNIIENT IN ACCOUNT wrru lEs FOR LOUGIINAN'II LOAN OF 800,00(d. Dr: - Interest - - - - - £BO,OOO 0 0 Commission on Loan, and Shipments to Greece /15,746 9 2 Sinking Fund • - - - - 16,000 • 0 0 Specie sent to Greece - - - 293,726 11 9 Stores sent to Greece - - - 10,063 6 5 Bills drawn from Greece - ' - - 3,858 15 0 Expences of Agents, 4c. - - - 1,027 15 10 Loan of Lord Byron, anti interest repaid - 4,683 6' 8 Freights and Passag,es paid ' ' - - 1,624 15 11 Mr. Orlando, for 10,0001. Bonds - - 5,900 0 0 Individual Expences of the Deputation - 5,045 0 0 Advertisements, and Solicitors' Bills . - 140 '0 0 Balance paid to Messrs. Ricardo and Ralli - 27,501 0 0 £480,817 1,1 . 2 Cr. Loan of 80,0001. at 59 per cent. - £472,000 0 0 Interest, on payments deferred - - 1,425 19 2 Profit on 109,000/. Bonds bought and resold b,891 12 0 Allowed by Loughnau and Co. to adjust differences .1,000 0 0 .£480,217 - 11 2 In the appropriation of the above, one item alone appeared to yOur Committee wanting elucidation, viz. the payment of :OW for stock, standing in the name of Mr., Orlando, That gentleman has left England, and Mr. Luriottis professes himself unable to explain it, or to state in whose hand* the bonds are deposited for which that sum was paid. As they have been paid for out of the monies of the Greek Government, your Coinnuttee conceive that thew bonds must be considered as the property of that Govern ment. It spears, by Sundry documents, that the Greek Committee, under whose auspices the loan rust contracted for, did, on various occasions, urge the Deputies to apply a part of the first loan to the purpose of ships of war, of steam-vessels, of battering-trains, and to the immediate formation of regular anti etficieur troops ; but whether the lamentable neglect of objects to important is tube attributed to the Deputies, or the Government, your Committee is unable to state• _ _ _ The Greek Committee urged on the Greek Government, that a survey should be made (under the direction of trustees) of the na tional domains, whose revenu e should be a pp lied to the p a y ment of the interest,‘and whose freehold should be held as security for the principal of the loan. It is greatly to be regretted that this ar rangementthSecnd loanu•aa :no2 a t . c . zrried into effect. The following • stat e ment of the asset s and disbursement s of rue au RC( GOVIERNIttNT IN ACCOUNT WITH DEPUTIRS MIISRS. RICARDO'S Loot or £2,000,00 0 . Il i r i o ik k pad 7 erag!, Int* . rest for 2 to Mr. Do n 61 .000,000 0 0 Com • • on - 64,000 0 0 Ysars - ulumi 4,800 0 0 MI 20,000 0 ° sinking runt! - - - 182,401 14 4 - , • specie sent to Gree ce - 5 6 33,713 . Bills drawn front Greece - - .. 9 6 .., , 3. , / Store* sent to Greece ... - , •f , 16 6 2,297 1 6 Expences of Agents _ _ - 330 9 8 , Freights and Pa4sages paid - - Set aside for a projected Expedition h 0 fl 2 0 00 Banda of Ist oa tt chase( --- 116 - 0 : 00/02 0 1 ' 6 _ 156,08 0 - p , aid B for Frigateso bt'iltiiilinnAptutr•rica is 1 ' 0 0 Seat to Colonel Cordon , _ _ 15,108 1 Due by Mr. Orlando, ns per his A ccount - 5,0 38 ii 9 '' Dl l 0 8 Due by Mr. Luriottis, Individ ua lE xP en"s of the as Pee e dputation itto _ - 4, 7 552 1 Loss on E xc h equer Bill s , and on Money sent t o - 6,16 A Marseilles and returned - ‘ Ditto by Failure of Mr. Mameortlato 2,695 5 3 Nnalty to Mr. Contastavlov, for the non -fulfil meat of “ Contract #'9r GLIM . 1 000 0 0 1 Paid to Mr. Graham for d Military Stores, not sent on Account of the Proclamation - 2,000 0 0 Sent for the Relief of Aliasolonghi - - 3,350 0 0 Arms and Clothing sent from Paris to Greece 10,893 6 6 Paid to Captain Miaulis and his crew - 915 0 0 Advertisements and Solicitors' Bills - 110 10 0 Assistance and Charity to Poor Greeks in London 205 0 0 £185,000 Bond* bought by Mews. Ricardo. £158,000 Bonds of 2d Loan, bought for Ac count of the Goeek Government, by order of the Deputies - 64,910 0 0 £14,000 Bonds of 2il Loan, bought for Indi vidual Account of the Deputies - - '7,420 0 0 X 13,000 paid for by an Individual Order of Mr. Luriottie, at the price of , 53i and 54 instead of 23 a2B - 6,940 0 0 £33,000 Bonds bought hvMr. Ralli. £24,000 Bonds of 2d Loan, bought for Ae courit of the Greek Goverouwot . - 0,606 5 0 zeB,ooo ditto, taken up at 44 ,4 - , 4,11'e0 0 0 Commission to Mr. Rani - 203 13 8 limee - 341 18 3 - --. Cr. . £1,145,407 '7 3 Loan of £2,000,000 at 55i - - 1,110,000 0 0 Received from Messrs. Loughman - 28,132 '7 8 Part Interest on £250,000 Bondi of lit Loan bought - - - - tio, 0 0 Interevt to Ist January, 1826, on- 18i,000/. Bonds of 2d Loan, ditto. - . - .4,625 0 0 Ditto, ditto, on 93,000/. ditto, ditto 825 0 0 - • Subscription front Calcutta, received per Mr. Orlando - 1,20 0 0 0 £1,145,407 7 3 In this statement of the second loan given to the Greek Go vernment by the Deputies, your Committee deem the following 1 tenet worthy of inquiry. • Independently of the commission of , 4,000/. allowed to Messrs. # 0 Ricardo by this c o n t rac t, a sum of 4 I. i s c h arge d as pa id t o Mr. Bonfil, the br o k er , f or neg ociati the Loan. The answer which Mr. Luriottis has given to your Committee on the subject is in the fq)lowing words : ' " The , greek'Deputies having received instructions from their Government in October, 1824, to conclude a loan, and finding the price of the bonds of the former loan much depressed, were not able to obtain it previously to February, 1825, after certain opera tion, ordered by Messrs. Orlando and Zaimis, in the absence of Mr. Luriottis, who was at Paris, to lie executed by Mr. Bontil, to sustain those bonds in the market ; in consequence of those opera tions, the funds were supported, and Messrs. Orlando and Zeimis were enabled to obtain a loan through the agency of Mr. Bonfil, who lost the 4,800/. which the Deputies repaid." In reply to the inquiries made by your Committee as to the authority by which the two sums of 79,2701. advanced by Messrs, Ricardo for the purchase of 185,0001. bonds of the 2d loan, and of 15,126/. ss. advanced by Mr. Ralli far the purchase of 33,0001. bonds of the same, were so expended, Mr: Luriottis stated that these purchases were urged on the Deputies by Messrs. Ricardo, and by representations from the Stock Exchange, for the purpose of sup porting the credit of the Greek Government and securing the pay ment of the instalments on the Loan. Your Committee have strenuously urged on the Deputies the necessity of having these bonds deposited in the Bank of England, but have not been able to obtain the accomplishment of their re commendation. Again and again they hare represented the im propriety of allowing so large a sum to Greek bonds to be in the purreion ef-itelleidealtrited-tboy-eMet•conceiv e mu *efficient or satisfactory motive for objecting to their being deposited in a place of security, where they would be beyond the reach of any impro per control. _ _ Your Committee desired to be informed on what grounde the sum of 1,000/, was paid to Mr. Contastavlos on account of a pro jected contract which was not carried Into etfect, and Mr. Luriottis stated that the Deputies had authority front the Greek Govern ment to make the contract with Messrs. Contastavlos for an ex change of brass guns, and therefore conceived themselves authoriz ed to allow the said 10001. for its non-fulfilment. The sum of 2,695/. As. Sd. for which the Greek Government is debited, on account of loss sustained by Mr. Mavrocordato's failure, not appearing to be borne out by Mr. Mavracordato's ac counts, which only recognise a balance of 4951. se. Sd., Mr. Lu riottis states that the excess of 2,2001. is held by him far account of the Greek Government, in two bills received from Mr. Alavro cordato in December last, drawn on Malta, and protested for non acceptance and non-payment. Your Committee, understanding from Mr. Luriottis that no measures have been taken by him to obtain from Mr. Mavrocor dato the same dividend which his estate has paid to other credi tors, have suggested that an immediate application should be made to Mr. Mavrocordato for some settlement of this account. Your Committee were desirous of ascertaining on what grounds the sum of 4,520/. was paid for the., purchase of 8,0001. stock, at the price of 64 per cent., and the sum of 6,9404 for 13,000/. stock, at the price of 5Si and 54, when the value in the market was no more than half the amount paid. Mr. Luriottis informed your Committee, that the first-mention ed sum was paid to a friend of Greece, who had rendered services to that country, but whose name he could not publicly state; that he will communicate the name and correspondence (if wished)con fidentially to Mr. Hume and Sir Francis Burdett, who were (he added) strangers to the transaction. Mr. Spaniolachi disclaimed all knowledge of this matter. Your Committee have been unable to obtain any further infor mation on this head. Your . Committee have learnt, in the progrow of their inqui ries, that a sum of 7,600/. was allowed by Aleuts. Ricardo out of their emumiesion to the deputies, Messrs. Orlando, 'Zaimie, and Luriottis. Mr. Luristtis states, that he has not psrti.ipated in this sum, and .that he was absent when the arrange ment was made. It would appear by the accounts, that '7,4201. of this sum was e►uployed in the purchase of 14,000/ bonds, for the cost of which Messrs Ricardo have debited the deputies, having, per contra, credited them the said 1,500/. One other circumstance your Committee cannot but mention, vit. that of the 2,2001. remitted from Calcutta through 11Iessre. Fletcher, Alexander, :and Co., as a subscription for the Greek cause, of which sum only 1,200/. appears in the account. The balances, which the accounts furnished by Means. Or lando and Luriottis recognise u due to their Government, are 8,039/. os. I Id. from the former, and 4,552/. I le. from the lat ter; but it appears I,y letters from Mr. Eynard, that Mr. 1.. W. riottis has remitted to him the sum of 4,000/. mut Mr. Luriottis and paid several sums- for account states, in addition, that there is a debt due to hint recognized by for r otment Wale extent of the Finance Minister on the tith July, 1823, o a f et :O i tl ee l : .am li o 'h u a n t t l i i n e:i to as executed sundry commissions, o l f ,B t s h o e i. m ; et a u t l i i d ers ha e s f o G th o e v r ern ela tet s tt oi a l o t d he about 1,300/. more. These statements it is impossible for your Committee to verify ; and they wish to state generally, that they can only c om mun i ca t e to the bondholders th e i n f ormatioit thev have received, the corr esponding vouchers being in 4114105 t all cases inaccessible. It is fair, however, to state, that they have dis covered no falsification of account, and they have no doubt of the correctness of the copies which have been communicated to them when copies have been obtainable. Your eommittee now proceed to tWA DINS important items of the arvolmt of the second loan, which hare swallowed up more than one-third of its net proceeds; for objects whose accomplish,. meat stem, even both remote and uncertain. A sum at 166,700/. has been aireadY expended In building and preparing two 64-gun frigates in the United Sltatea; and it appears by the correspondence, that a sum of not less than 6 0,000/. more will be required to fit them for sea. The Committee cannot understand the motives which induced the Greek Deputies to despatch froth En ghl.nd a French mili t a r y officer with instructione so vague an d general as would authorise se large an expenditure, especially as it appears there would have been no difficulty in purchasing and dcaPatcbing from the ports or Europe voids ready built an d ebtainahlo at a moderate price; and the instructions of the Greek Government appear to have espe cially directed the purchase of vessels ready for sea. 'Your Com mittee have aacertained that many offers of warlike vessels were rea lly made to the Deputies, but always rejected Ity . them. Your COMlllitteg hall to retort, that it aiircars thew is pow some prospect that one of the frigates will be despatched by mak ing the complete sacrifice of the other ; yet they have felt that con siderable doubt attaches even to this fbriorn hope, and they deter- mined to recommend that an American gentleman, who, for two years, has honourably served in the Greek navy, and who kindly offered to proceed to the United states in order to facilitate the de parture of the frigates, should be despatched without delay ; but your Committee regret to state that their recommendation VFOI thwarted by indisposition on the part of Mr. Luriottis to advance the sum of I bO/., which was required to cover the expends a. a mission, which they could not but strenuously recommend. The BOndholders are aware, for great notoriety has been given to the circumstance, that a large sum was set aside from the se cond loan, to promote a naval expedition, which was to be com manded by an illustrious chieftain, whose services could not but be all important to the success of the Greek cause. The amount so appropriated was 160,000!., which was transferred to the names of-three gentlemen well known to the public, who undertook for its due application to the proposed purpose. The engineer who was employed at the instance of 'the noble individual referred to, certainly failed altogether in completing the contract according to the stipulated terms. It does not ej pear to your Committee that this failure is to be attributed to dis honesty or treachery, but to a want of appropriate knowledge and experience._ _ _ To the furtherance of the most important object of this expe dition your Committee have directed their earliest and most con gant attention ; and it is with much sorrow they report, that they are unable to communicate any information satisfactory to them selves, or which would be deemed satisfactory to the bondholders. They abstain from entering into many details, solely froni the ap prehension that present disclosures might possibly frustrate an en terprise which they deem, not only greatly important to Greece, but one on which the very salvation of Greece depends ; and while the meeace hangs over your Committee that premature discussion will inevitably interfere with an object of such overwhelming inte rest, they trust their constituents will respect the caution with which they narrate their proceedings on this bead. :But your Committee have deemed the object one of such primary and im posing urgency, that they have sought and obtained the co-opera tion of the Committees of France and Switzerland, who, with a confidence and a liberality to which your Connnittee must offer a deserved homage, have placed at the disposal of their chairman, Colonel Stanhope, the sum of 8,0004 for the furtherance of this Lbject, and hopes are entertained that larger sums might be ob tained, were a sufficient control established. Your Committee cannot avoid this opportunity of expressing their gratitude for the cordial co-operation and the important as sistance rendered them by the DukeDalberg, a distinguished mem ber of th. Paris Greek Committee. • Your Committee, however, not being able to ascertain that any security had been even now exacted or received for the comple tion of.the contract, could only recommend the offer of the sum placed at Colonel Stanhope's disposal when sufficient evidence was laid before them that new disappointments were completely guarded against: they have obtained no such evidence. Your Connuitteo trust the time will soon arrive when publieity may be given to all the measures they have taken in the furtherance of this great object. Your Committee have ascertained that a sum of about 20,000/. remains in Messrs. Ricardo'i hands, which will be sufficient for completing the expedition, should the present arrangements suc ceed, but wholly insufficient should they fail--a result which your Committee cannot but fear there ie some reason to anticipate. Among the diffiCulties which your Onninittee have had to en counter, the hostile feelings existing between the different gentle men with whom they have had intercourse have been a source of considerable embarrassment. Your Committee endeavoured 'to bring about a cordial understanding, in furthering the objecti of their inquiry, between the late deputies of Greece, but unfortu 'lately,. they have wholly failed in the attempt. Your Committee have to report, that the following emus appear to he due from the late deputies to the Greek GoArnment, ac cording to the statements presented by themselves : Balance recognised as due by Mr. Orlando zer4:o9 911 Ditto, ditto, by Mr. Luriottis - 4,659 t l 0 Ba!aw, of cm,. on second loan - 331 0 3 Due I.y Mr. Orlando on theCaleutta antmeription 1,000 0 0 Dividends on bonds bought and not accounted for 1,280 0 0 Ditto ditto ditto - 810 0 Recovered by Mr. Rani frnm the insurers on money lost, which .is charged to the debit of the Greek Government - 1,475 16 14,49! 5 4 Allowed by Messrs. J. atal S. Ricardo out of commission - 7,500 0, 0 Amount of Mr. Muvrocurdato's bill - 2,100 0 0 24,195 1 4 Must be deducted fbr a r em itt ance ma d e to Ai r . • Evnard, of Geneva, by Air. 'Anion; - 4,000 0 0 4:V0,195 5 4 Were it allowed your Committee to hope, that it wouril be now possible to raise a further sum for the service of Greece, they think that some security might be obtained for its proper appropriation, and they are happy to state that Mr. Eynard, and other generous friends of the Greek cause at GeneCa, have already expressed their willingness to conic forward with their contributions, should any project be found desirable and praCticable. Under a system of economy and wisdom, they think that a sum not exceeding 150,000/., judiciously applied, would immediately change the aspect of affairs in the Mores, and give renewed hope and prospects to the friends' of Grecian emancipation. Your COmmittee beg leave to add, in conclusion, that in the discharge of the trust committed to them, they have held 20 meet ings ; that they have pushed their inquiries into every quarter which might elucidate any doubt, without the slightest reserve of individual feeling. That at the expence of much personal obloquy, of many private insinuations, and some public attacks, they have pursued those io vestigations which they undertook to conduct, and whose results they now communicate to their constituents. If iu the progress of their inquiries %bey found many motives for censure, if instances have presented thernaelves of ill-placed con fidence, of ignorance, or want of zeal or of probity, the Committee rather with to present - facts to the bondholders; than to qualify such conduct by any terms of their own. But they trust the errors of individual advocates will nut attach to the great and glorious cause of Greeian freedom, It would indeed be cruel; and no less cruel than unjust, if those who are fighting the battles of independence should suffer from misconduct to which they are entire strangers. Whilst engaged in these inves tigations, your Committee find that the Greek Government has itself nominated a commission, specially charged with the ezatni,.. nation of all the matters which form the subject of tido report. That inquiry eonl far i"io more stsf nwili' : o i d n ) ct tbt. m e ans o f conduct ing the !y ; withal; your Committee trust, obtain access to every document 4114 to every source of information. Your Committee have tAro rompeited to rest their statemtsat on ouch evidence, t.olltiently very imperfect, as it hvi been in their power to obtain, and can only say, that in tapir examination they have employed all the caution and al; ;lip industry which cir. cumetances seemed to require. Colonel STANitokuc;iotlmoiwielmGldorriesittne: end H A oh l ti e nia, 4 cs r . e ' lli, g f ' y . , x k tehr ? ici o firs t e n s m tts i ll t iot t iasa e n e :he t oo o npi s tvr r :o i et t ire t ib re ,ein !c hro o orb r e l l t e.ib r e o euot ! wished hi Ow first instance to call their attention to the hurt l lit -r : ag°BtreeerPnilt i ts i th l ae ti kticP r tlPi e P e b ee irniet , teahtt a i t:t nt : ° w ovef i ee th them Was joined a Greek, b T w ec continued to exercise that coutroul until the death Of Lord tilthil):::::1 ; : r el e Er I liwn v gY e h r ili e ;i' t idi h 'b e Ce n iCn it el°l o 4 4 ll 1 1 4 1° Z elciltlilto4 i li t rown mat rteNtoepreiriTtn.,ldlitaktiliTlrtoitina:ho,wlvtb.rlery,thbothotrnittieettile:\t4frereseneieeltokiitivdGreotro.lhevvtleiiiiirreennikabitchenietuyt,itphoiptiobtlisseleeerctillNteinitiolyrlintitiiii and in con till"'T6y were bath b b o ro ti lt i e u t ta out e k e l illi With the s i l t t , iri l i l l i t o w:h theywitended : and it should he recollected that ro ri t a h t e trt e s a n , from the. ate se:u:ne o e t could not, fur a considerable time, exe rc i se that controul over the money sent from England first, the power of app themsvlves but e Ing ' any part of the funds I merely' 11 "MtrO 11 t . " t I o a ctlrtom micas A <4.#4 No. 10,646. THE GREEK LOANS. • 'llk PRICE' ID over their application by the Greek Government. The consequence was, that the measures which had been in tended with respect to naval armaments had been frus trated. Now, with respect to the Ara loan, he objected to the balance of 28,0004, which had remained in the hands of the' contractors, being paid over to the hands of Messrs. Ricardo end Ellice. It was taking it from parties who had a controul over it, and giving it to a quarter where no such controul existed. He also objected to the paying over to the same parties the subscription raised ut Calcutta, and transmitted to England, and for the same reason; for how highly soever he might value the exertions of the Greeks in defence of their liberty, he was of opi nion that any money transmitted to them, or left to their management, without keeping in this coun try: some check on its application, was like throwing so much money into the sea.—(Hear, hear.)--41 5 would now say a few words by way of comparison between the withs. But respect to the application o f the first and n he would first repeat whet he bed said ssaetlacvdaoeorfpeodtrelomdaernin themselv es t e melting, that to b t t l a i n e l e insubscrib e rssl46, second cribing tlei loan i r money, without seeing th a t a proper controul existed i n some responsible quarter in this country over its applica tion. Another circumstance to be lamented was, that Mr. Ricardo only looked upon himself as banker, and acted towards the Government of Greece, which they all knew was a revolutionary Government, as if be had been treating with one of the old established Governments of Europe. Now, with respect to the two loans. The first loan was contracted for at .59 per cent.; the second, at .54, a dif ference of 3. per cent., which on the whole loan made a difference of 70,0001. against Greece. In the first loan two years' interest was kept. Front the first loan, there was sent off to Gratee, in money,' art: smears and stores, the sum of 312,000/., and 28,000/. were handed over to Messrs. Ricardo, besides the '2,0004 the amount of the. Calcutta subscription. F rom the second loan, only the sum of 291,000/. In the fi rs t l oan trustees were appointed to audit the contractors' accounts ; in the second loan, the contractors made purchases at their own discretion, and audited their own accounts. In the first, there was only the regular brokerage charged on the loan; in the second, the sum of 4,8004 was paid as brokerage to Mr. Bonfil, in addition to the sum of 60,000/.. charged by Mr. Ricardo as his eounnission. In the first lome, the money was left in the hoods of the contraetq rs ; in the second, Mr. Ricardo :considered hitneei au thorized to pay out of his commission 7,500/. to the Greek deputiei; so that, the interests of the deputies were thus brought into opposition to their duty. The deputies authorized the placing of some of the money in the hands of merchants and bankera, one of whom, Mr. Mavrocordato, had becorne a bank rupt ; another of them, Mr. %Hi, refused to place the funds in his hands f or secur i ty i n the Bank of England. What he complained of chiefly was, that in the second loan there was no responsible party. There were three con tractors—three deputies, Messrs. Liiriotti s Orlando , and Spaniolachi, and th ree counc ill ors, Messrs. Burdett, house, and Ellice—but, unfortunately, among these there was no unanimity. The contractors were absolutely in vulnerable—if it was objected to one of theM, that tile `money raised by the loan was thrown away or misapplied in any particular, he met the objection with demure looks, lawn sleeves, and a p en stuc k b e hi nd his tar, and said, that he was not accountable ; that he merely acted as a banker in the transaction; but if it Were urged that the naval armament was mismanaged, he immediately altered his demure looks, heckled on his armour, and knocked the objection down ut once with the truncheon of autho rity,7-(Hear, hear.)—At the salve time, he did not mean to cast any blame on Mr. Ricardo, With respect to the naval armament, nothing could have been better planned, yet nothing worse in its execution. It was proposed that. there should be two large frigates built; but what could be more absurd at a moment when Greece was almost prostrate, to send off from this m ar i t i me i s l an d a Co lonel of Dragoons to America to senerinteed the ing of two large vessels destined for her assistance ? The American builder of those ships had become bankrupt. Mr. BOWIUNO here intimated, that it Wits not SO; that the building was suspended for want of additional funds. STaNnoett continued—At all events he Was Unable to go on with the building; and was it not, he would ask, grossly absurd, at a moment when immediate assistance was required, to apply the sum of 169,0004 to the build ing of two frigates, when two substantial Swedish vessels had been offered by Mr. Goldsmith, at an expense of only 10,000/. ? After adverting to the very ineffective state ilk which the Enterprise had left the river, and the subs , .,- Tient failures with respect to the other steata-vessels gallant Colonel proceeded rleisepyewet rt t oo o say , t ct:telttrgli:oisetoig t : h ttpei:o a vuifi t ebr:rive a s w ;s i ra. f.rpychneai,:ris:eins_temyuel,ii.:tabsbiAei members river,proce he as o o n p thepoet, in s ubject the oftll committeeste a w ini 4 eti n e s , ev ) tas ittite h , y , to t a e piriodseeßdohbigi withs T to d fur oww b f e eisir l tie t i , :l a it tl lbhigy o eh p inat p i o actkoe se niiln d tlot t it o eitrhio i atf, t s , (pai a rio n o se i the same time he m us t e xp ress his Lelief that M r . Can ning was at least as staunch a we'd.wisher to Greek free doin as any Who then heard, Litn. The gallant officer, after adverting to the present state of . government in t h e lonian Islands, proceeded to say, th a t it was admitted on all hands, that the principal Mike of time present depressed state of Greece was the misapplication of the money raised for her use in this country. NVhat was their remedy ? The remedy he would propose was this. The gallant officer stated what he proposed, which he subsegueutly embodied in the following resolutions : Resolved, Ist —That the Greek Committee be - requested to re-assenl l ,4, and appoint a sub-committee, to take into consi deration the means necessary to despatch a naval . armament to Greece, and to adopt measures calculated to secure the defence of Athena, Napoli, di Romani, and Hydra. Ad,---That to provide for the salvation of Greece, to raise the value of Greek scrip, and to secure the future paytEtnt thereon, it is desimbk that the boudhohkra e,hould leu.: 4 to the Greek Government, one half of the next dividend, tuneratting tat t 5,000). 311,--That the Greek Committee be **cited to obtain Sub. seriptiune in England, in British India, and from the Foreign Committees. 4th, Resolved, That the funds for Crete, obtained in ibis country and the appropriatiou of them, be placed under the ab so o lute control of fiv e personv, who shalt b e name d b y the bond hlders. ' COIOSteI STANHOPE: added, that he would have l'he money now in the hands of Mr. Ricardo, and the ) e.,,000/. i which had been placed in his (Colonel Stanhop.4's) hands by a foreign (we believe the , Genovese) (4 --,tek Commit here he tee, for, however much he might • litrie been criticised Nvo proud to say l ie that respectabl e b o d y as the trieT i o of G ree h ot liberty, put under the c ontrou l o f the aub.committee, to be app to eniojed th e con fid ence o f Mr. Hume, 111 r. Ricardo, Mr. the general tkenefit of the Greek cause. He then read Ow name; of the gentlemen whom he would proP" asr t h e committee. Among these w ere Si r C. korbes, Ar. r . , StlefillM.P. • Mr, John Smith, my. ; Mr. T. Campbell, Mr. J111114:8 liarnet, Mr. Bo 'illf, Lord Milton, Marquis of Titchfield, Mr. S. Rice M. .; Mr. AldermaiLt.or of M.P.; Mr. T. Moore Sir R. „E'''rrill' Me4r:, month, or I% ousieur . ...I ni_o # Norfolk; and Monsieur lit:P" 1 "' wittier of the Parte or ticookyeb solve other distinguished : I ' m by moving the resolutions. Committem lie en,",lll„t 'though Samuel Rogers, Mr. M in. he had had the honour Mr. RonnisoN saki, - of the committee appointed to of 1)611g named 'lne rt to the Greek bondholders, he was make the preient;re necess i ty o f decloring that he was now under Or painful renor ti e st read to the meeting. in mak n, 0 party to the - W e had no intention either to object to r tg """!.. qf or to impugn the conduct of those who ‘ t u e , riciWrt itself, He believed that there were not in Eng ,-"",--:,a:ieidniit.re warmly attached to the cause of Greece lath , -"." o , an d upon the ground that half a lost wits than they up, rather than be without any. Having rheY h'ill drawn ild now take the liberty of ; stating to the b etter thatn ' :+7 bread, he would support the report which done this, lie wot h . h had induced him meet i ng t h e reasons wabandon the trust icof to i. 4 feoB rlO.l in him. The sommittce, lt in. il I